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Will Money Increase Subjective Well-Being?
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“Most of this work has revealed a small, but discernible, relationship between income and well-being (for reviews, see Clark, Frijters, & Shields, 2008; Diener & Biswas-Diener, 2002; Diener & Oishi, 2000).”
From How your bank balance buys happiness: The importance of “cash on hand” to life satisfaction. (2016) · cites this paper as Diener & Biswas-Diener, 2002
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“These studies show that people with larger incomes tend to report greater evaluative well-being (1–10).”
From Experienced well-being rises with income, even above $75,000 per year (2021) · cites this paper as [1]
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Metadata
- Authors
- Diener, E., & Biswas-Diener, R.
- Affiliations
- University of Illinois Urbana-Champaign (US)
- Corresponding author
- Diener, Ed
- ORCID
- Diener, Ed
- Venue
- Social Indicators Research
- Published
- 2002-02
- Volume
- 57
- Issue
- 2
- Pages
- 119-169
- ISSN
- 0303-8300 (ISSN-L)
- 1573-0921
- OpenAlex
- W1735969924
- Cited by
- 1,555
- References
- 117
- Citations by year
- 2026: 56 · 2025: 79 · 2024: 99 · 2023: 99 · 2022: 80 · 2021: 87 · 2020: 83 · 2019: 79 · 2018: 69 · 2017: 85 · 2016: 72 · 2015: 74 · 2014: 88 · 2013: 69 · 2012: 64
- FWCI
- 38.51
- Type
- journal article
- Language
- en
- Open access
- closed
- Licence
- Locations
- Social Indicators Research (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Psychology › Social Psychology › Psychological Well-being and Life Satisfaction
- Social Sciences › Sociology and Political Science › Income, Poverty, and Inequality
- Social Sciences › Sociology and Political Science › Quality of Life Measurement
- Keywords
- subjective well-being, income, happiness, materialism, material desire, poverty, economic growth, basic needs, social norms, consumption, The Wealth of Nations
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